BEIJING, Jan. 25 (Xinhua) -- Shanghai Stock Exchange (SSE) had signed a memorandum of understanding (MoU) on Thursday with Shanghai Environment and Energy Exchange (SEEE) to strengthen the cooperation in the field of green finance.
The MOU was signed by Que Bo, Executive vice president of the SSE, and Lai Xiaoming, general manager with the SEEE.
Under the MOU, the two institutions agreed to use their respective resources to develop green securities index and relevant fund products in securities investment, establish information disclosure standards of carbon emission for listed companies, explore derivative financial products based on carbon emission rights and sewage discharge rights, and promote "green enterprises" to raise funds through capital markets.
Li Jun, deputy director of the Shanghai Municipal Financial Service Office, believed that the cooperation between the two exchanges has offered a good opportunity for the construction of Shanghai green financial system, and is also of great significance to the development of China's green financial construction.
Que said that the cooperation will strengthen the popularization of green investment concepts for market institutions and ordinary investors, and provide investors with a diversified asset allocation tools.
Meanwhile, the cooperation is conductive to help build Shanghai into an international financial center, and enhance China's influence in the international capital market. (Edited by Li Wenxin, liwenxin@xinhua.org)
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